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The global gold market is experiencing heightened volatility, with elevated prices discouraging buyers in key Asian hubs like India, China, and Hong Kong. Traditionally, Asia accounts for a significant portion of global gold consumption, but the current price levels have dampened retail demand, reshaping market dynamics. As spot gold prices hover around record highs, market […]
Gold, the quintessential safe-haven asset, has been on a remarkable run, nearing its all-time high as uncertainty surrounding U.S. President Donald Trump’s policies continues to roil global markets. With spot gold prices climbing to $2,772.79 per ounce, just shy of the October 2024 record of $2,790.15, investors are flocking to the yellow metal to shield […]
In today’s volatile financial landscape, gold continues to shine as a cornerstone of diversified investment portfolios. As of January 21, 2025, the precious metal’s role has become even more pronounced, driven by a combination of market volatility, geopolitical tensions, and inflationary pressures. Why Gold? Gold has long been regarded as a reliable store of value. […]
Gold’s recent price action has captivated market participants as the precious metal tests a critical resistance level at $2,730 per ounce. The outcome of this test could have significant implications for the metal’s short- and medium-term trajectory. Understanding the Current Rally The recent rise in gold prices can be attributed to a combination of fundamental […]
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1. Introduction to Genor DMCC and Dubai’s Bullion Market Dubai has long been a global center for gold trading, and at the forefront of this vibrant market is Genor DMCC, a key player in the bullion trade. Genor DMCC is a licensed trading company within the Dubai Multi Commodities Centre (DMCC), which is home to […]
Introduction: A Global Gold Hub Dubai, known as the “City of Gold,” has a rich history intertwined with the gold trade. For decades, it has been one of the most prominent destinations for gold buyers and investors worldwide. As of today, September 26, 2024, gold prices in Dubai reflect global trends, marking it as a […]
Abu Dhabi, Ajman, Fujairah, Ras Al Khaimah, Sharjah, and Umm Al Quwain are the other six Emirates, with Abu Dhabi serving as the capital of the UAE.
‘Gold Fix Price’ is what the industry calls the LBMA Gold Price. In the past, the London Bullion Market Association determined the gold price at 10:30 am when the London market opened and again at 3 pm to align with the start of US trading. In 2015, ICE Benchmark Administration (IBA) took charge of setting this price for gold, and in 2017, they also began setting the price for silver.
Dubai, known as the City of Gold, is a major center for buying and selling precious metals like bullion and jewelry, both in retail and wholesale markets.
If you’re buying gold as an investment, it’s important to get it at the lowest price per gram available.
Gold is one of the oldest things people buy and sell to make money. It’s very popular, especially when things are uncertain or the economy is not doing well.
Dubai has ascended to become one of the world’s premier gold trading hubs. This guide explores the remarkable rise of gold trading in the UAE and highlights Dubai’s significance as a key player in the global gold market.
Gold has been cherished for its beauty and rarity for millennia. But what exactly makes gold so valuable? The key factor lies in its purity, or the proportion of pure gold in an item.
Dubai, often referred to as the City of Gold, boasts a vibrant gold trading industry and is rapidly establishing itself as a key player in the global gold market.
